FAILED MORTGAGE INVESTMENTS
Solicitors’ Mortgage Investments Recovery
We act for investors who have invested their money with Solicitor’s First Mortgage Investment Schemes. In this developing area, we are active in representing the interests of the investors in recovering losses suffered if the borrowers of the investment funds fail to meet their repayment obligations.Often, the investors have been told that:
- the cost of recovering the investment will outweigh any return, or
- they must wait until the security property has been sold before any action can be taken against the borrower or against any other party whose negligence has caused the loss
Also, investors are often not told:
- it is possible to take legal action before the security property is sold
- they may well have rights of recovery against the Valuer, and the Solicitor, in addition to any rights they may have against the borrower
- they should obtain independant advice from another solicitor immediately it becomes apparent that their investment is falling into default
- they should not be asking the solicitor who made the investment for them to be the person who recovers their money
- they should NOT wait until the borrower has been bankrupted, and their security sold, before considering alternate recovery options
While it is often correct that legal action is expensive, our focus is on co-ordinating action by several affected investors into a ‘class action’, which permits the cost of the recovery action to be shared, reducing the burden upon each individual investor.
Contact our litigation team. We are at the forefront of this developing area of law.
CONTACTS FOR THIS AREA OF LAW
Andrew Smyth
Partner
December 2, 2020
Andrew is the managing partner of the firm, and practises primarily in estate planning and administration and business and personal structuring, focussing on complex and high…
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Sean Powell
Partner
November 28, 2020
Sean specialises in estate disputes, estate administration and estate planning, with a particular emphasis on contested wills. In line with his Succession Law focus, he has…
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Christine Smyth
Special Counsel
November 27, 2020
Christine is a strategist! Her passion is succession and elder law, allied with meticulous and detailed knowledge of the law Christine is one of the foremost…
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Chris Kohler
Senior Solicitor
November 26, 2020
Chris is a senior litigation solicitor, specialising in resolving commercial disputes and deceased estate disputes. His 30 years of experience in litigation have seen him resolve…
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Isabella Phillips
Solicitor
November 21, 2020
Bell is a solicitor in our Succession & Litigation team and has taken to specialising in estate litigation. Bell graduated from Bond University with a double degree in…
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Racquel Clark
Law Clerk
August 5, 2020
Racquel completed her Bachelor of Laws specialising in Legal Practice at Bond University in May 2022. Having recently commenced studying her Graduate Diploma of Legal Practice…
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